Mortgage Rates Down Slightly Week Ending June 18

According to Freddie Mac's survey, "Thirty-year fixed mortgages (FRMs) averaged 5.38% rates with an average 0.7 point, down from 5.59% last week." Bankrate said in a media statement, "“The concerns about eventual inflation that drove bond yields and mortgage rates higher have been tempered by the reality of continued weakness in the economy.” Other mortgage products were also slightly down from